Two persons arrested for cheating banks
Two persons have been arrested for allegedly duping two banks to the tune of several lakhs by taking vehicle loans with forged documents, police said today
New Delhi: Two persons have been arrested for allegedly duping two banks to the tune of several lakhs by taking vehicle loans with forged documents, police said today.
The accused, identified as Amit Seth (37) and Naresh Arora (50), were arrested yesterday by the special task force of Delhi Police's east district, said a senior police official.
According to the police, Seth booked cars from a showroom, allegedly issuing cheques which bounced and then tampered with the invoices acquired. Later, he floated a sham company, with its name similar to that of the showroom - for which the tampered invoices were used - and opened a bank account.
Seth, who is a accountant, soon took vehicle loans from another bank, with the help of forged documents and later withdrew the money. By this process, Seth alone duped a bank of Rs 6.50 lakh and another bank of around Rs 13.70 lakh with the help of Arora.
The incident came to light when a nationalised bank reported two separate cases, following which two cases of cheating and forgery were registered, and investigation was taken up, Assistant Commissioner of Police.